While celebrities have always been fond of living in Santa Barbara, the pandemic has set celebrity buying into overdrive! The widely publicized purchase of an Meghan & Harry’s Estate in Montecito for $14,650,000 in June 2020 set off a buying spree that is alive and well today, albeit with far fewer Estates to choose from.…
Ellen DeGeneres just sold another Montecito home. This time for $33,308,250. She purchased the Montecito home for $27,000,000. in January 2019. It is a 4 bedroom, 10,000 square foot home on 9 acres with spectacular ocean views. It was listed for $39,900,000. and sold quickly in 25 days. Ellen DeGeneres purchased an antique barn conversion…
Santa Barbara Real Estate Statistical Update ~ October 2022 Largest Number of Price Reductions in Over 2 Years Inventory Remains Very Low Single Family Homes Sold -41% ~ 70 in Oct 2022 vs. 118 in Oct 2021 Single Family Median Sales Price +12% ~ $2,024,500. in Oct 2022 vs. $1,803,750. in Oct 2021 Single…
Santa Barbara Real Estate Statistical Update ~ September 2022 There Has Been Less than 2 Months of Supply for Nearly 2 Years Single Family Homes Sold -27% ~ 89 in Sept 2022 vs. 122 in Sept 2021 Single Family Median Sales Price -2% ~ $1,756,000. in Sept 2022 vs. $1,790,000. in Sept 2021 Single…
Santa Barbara Real Estate Statistical Update ~ August 2022 44% of August Sales Were Cash Amid Higher Interest Rates Inventory Remains Very Low Single Family Homes Sold -37% ~ 98 in Aug 2022 vs. 155 in Aug 2021 Single Family Median Sales Price +32% ~ $2,243,500. in Aug 2022 vs. $1,700,000. in Aug 2021…
Santa Barbara Real Estate Statistical Update ~ July 2022 The Market Is Slowing Inventory Remains Very Low Single Family Homes Sold -50% ~ 66 in July 2022 vs. 133 in July 2021 Single Family Median Sales Price -1% ~ $1,879,000. in July 2022 vs. $1,900,000. in July 2021 Single Family Average Sales Price +5%…
Santa Barbara Real Estate Statistical Update ~ June 2022 The Market Is Shifting Single Family Homes Sold -16% ~ 109 in June 2022 vs. 130 in June 2021 Single Family Median Sales Price +22% ~ $2,275,000. in June 2022 vs. $1,868,250. in June 2021 Single Family Average Sales Price +19% ~ $3,177,810. in June…
Santa Barbara Real Estate Statistical Update ~ May 2022 The Market Is Beginning to Shift Single Family Homes Sold -42% ~ 92 in May 2022 vs. 159 in May 2021 Single Family Median Sales Price -2% ~ $2,225,000. in May 2022 vs. $2,280,000. in May 2021 Single Family Average Sales Price -9% ~ $3,228,543.…
Santa Barbara Real Estate Statistical Update ~ April 2022 Not Every Property Expecting Multiple Offers Are Getting Them Highly Desirable and Well Priced Get Many – Others Get None Extreme Demand & Lack of Supply Continues Single Family Homes Sold -36% ~ 98 in Apr 2022 vs. 154 in Mar 2021 Single Family Median…
Santa Barbara Real Estate Statistical Update ~ March 2022 Inventory Below 1 Month of Supply for 6 Consecutive Months Extreme Buyer Demand Interest Rates Spike Above 5% Escrow Fall Out More Frequent Single Family Homes Sold -28% ~ 112 in Mar 2022 vs. 156 in Mar 2021 Single Family Median Sales Price +12% ~ $2,300,000.…